Saturday, 23 August 2014
Last updated 1 day ago
Jul 29 2010 | 1:03pm ET
Osmium Capital Management is set to close its flagship hedge fund to new investors this year, the firm said.
The Osmium Special Situations Fund currently manages $330 million. But the firm has enjoyed strong returns in recent years, including a 6% jump in the first half. Osmium credited a decline in proprietary trading on the part of banks and risk-aversion on the part of hedge funds for the number of opportunities it has enjoyed.
The firm said that existing commitments and “strong” interest from other investors should push it to $500 million by the end of the year, Dow Jones Newswires reports. When it reaches that level, the firm will close the fund, which has an annualized return of 16% since its launch more than five year ago, it said.
Osmium also recently hired Northwater Capital Management’s Craig Hippern as chief financial officer. Hippern served as head of financial reporting at the Toronto-based hedge fund.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note